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Q. What do you mean by Costs?
Costs Section 56 of the Environment Act describes costs as including ‘costs to any person and costs to the environment'. The costs of a project are the opportunity costs - the full value of any resource in its best alternative use. This can be estimated by the financial expenses incurred by an operator or proponent in meeting the requirements placed upon them by the authorising body, or any expenses incurred by the Agency in undertaking its actions. Similarly, the cost of a policy or programme can be measured by those it will affect. Costs also add any environmental, human health or other social impacts, which are detrimental in nature. Costs include any capital and recurrent expenditure, administrative costs, enforcement costs and monitoring, and research and development costs.
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Market supply and Increase in supply: Market supply is the total quantity of a product that all firms in an industry are willing to offer for sale at a given market price an
Q. What do you meant by Progressive Tax? Progressive Tax:Tax is considered progressive if a larger proportionate share of its total burden falls on individual'swith higher avera
Factors that determine the volume of side of production
During the 1990s, technological advance reduced the cost of computer chips. Explain, with the use supply and demand diagrams, how the following markets are affected in terms of pr
Laspeyres index The Laspeyres index tells us that: - The amount of money at present year prices which an individual requires to purchase bundle of goods and services which w
PARALLEL ECONOMY: What is in popular parlance known as black money, and is, misleadingly called the 'parallel' economy, (as it operates very much with and within the legal, fo
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